Never heard of it... but it sounds interesting at least as far as any movement of a trillion dollars could be interesting.
No direct, immediate effect, but possibly an increase in bank savings rates, as some funds leave banks to go into the Federal Reserve.
US banks braced for large deposit outflows - FT.com
Moderator ok to Delete... the website turns to "pay" after one view...
Similar info here:http://www.moneynews.com/Personal-Finance/Sheila-Bair-Federal-Reserve-reverse-repos-problems/2014/07/25/id/584964/
No direct, immediate effect, but possibly an increase in bank savings rates, as some funds leave banks to go into the Federal Reserve.
US banks braced for large deposit outflows - FT.com
Moderator ok to Delete... the website turns to "pay" after one view...
Similar info here:http://www.moneynews.com/Personal-Finance/Sheila-Bair-Federal-Reserve-reverse-repos-problems/2014/07/25/id/584964/
Last edited: